Oi Brazil acquires Brasil Telecom
Oi Brazil has announced the acquisition of Brasil Telecom for R$ 5.863 billions (US$ 3.5 billion). The value was above the expected by the market, something around R$ 4.8 billion (US$ 2.8 billion).
The deal is still waiting for a change in the Brazil legislation (it isn't allowed to a phone company to buy another one in a different market) and the approval of regulation agencies.
Source: Folha de São Paulo
The deal is still waiting for a change in the Brazil legislation (it isn't allowed to a phone company to buy another one in a different market) and the approval of regulation agencies.
Source: Folha de São Paulo
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